Todd Murphy's Law

Is Crozine going to sign the active adult converstion bill?

New Jersey Gov. Jon Corzine has on his desk a bill, which the state's Senate and Assembly passed last month, that would open the gates for developers to convert certain age-restricted projects to non-age restricted. Is h going to sign it?

The Worst Is Behind Us for Housing

Adjust to the new way of doing business: lower prices, more equity then lets get some deals done.

Construction of New Homes Fell - Foreclosures Surged.

So much for the recent good news. Today, in a pair of signals that the housing market continues to stumble lower, construction of new homes fell sharply last month, and foreclosures surged in the first quarter. Also, building permits, an indicator of future construction, fell 9 percent from February, to an annual pace of 513,000. Permits were issued at an annual rate of 932,000 in March 2008.

Despite the monthly drops in permits and new construction, some economists said they sensed that these indicators of the housing market were no longer tumbling sharply lower.

It's Time To Breathe Some Life Back Into the Home Building Business

I'm looking forward to attending the Atlantic Builder's Convention next week in Atlantic City. It seems lately there are more and more little bits of good news that point to the beginnings of a recovery in the real estate and home building business in the coming months. Next week could be a frenzy of networking for deals and jobs. Things are looking up for 2010 and we should all start positioning ourselves for the opportunity 2010 presents. Let's have some fun, exchange information, and start looking forward to good times ahead! See you all there. TM